Stock

Star Minerals Limited

SMS.AX

Gold · Basic Materials

Price

A$0.04

+0.00 (+0.00%)

Market Cap

A$9.4M

Exchange

Australian Securities Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Based on the IPO prospectus (annual filing). This score will refine automatically once the company reports its first quarters.

Data as of Sep 20, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Good

Valuation

Data not available

Track this stock — start free trial

Share count rising — dilution

+443.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 40.2M (2022) → 218.6M (2026)

§Winston Score History

The full picture

Star Minerals Limited is an Australian enterprise focused on identifying and advancing resources of gold, copper, and other base metals. Its flagship initiative is the Tumblegum South project, an advanced exploration site positioned immediately south of Meekatharra in central Western Australia. The company is also actively developing the West Bryah project, situated within the same central Western Australian region. Formed in 2021, Star Minerals Limited was initially named Star Holdco Limited, officially rebranding to its current name in February 2021, and operates from its headquarters in West Perth, Australia.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-100.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+4.2% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

A$0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Cash Runway

~2 years

A$3M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

A$3M cash & investments at current burn rate

Revenue declining

Star Minerals Limited's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

-1.3%

Thin — -1.3% gross margin

Profit after running costs

Operating Margin

-427.9%

Losing money on operations — -427.9%

Return on the money invested

ROCE

-27.3%

Weak — -27.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

>+1,000%

Fast-growing sales (>+1,000% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-327.8%

Burning cash (-327.8%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.00

Conservative — low debt load (0.00)

Covers its interest

Interest Cover

N/A

—

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial